The goal, according to a quote from GE Chairman and CEO Jeff Immelt in a press release, is to provide hospitals, universities, retail stores and cities with energy solutions that enhance profits. The company is predicting that Current will save customers 10 percent to 20 percent on their energy bills and enable utilities to better manage distribution.

Current begins with more than $1 billion in revenue. The system will analyze data to offer recommendations on reducing power levels, generating power on site and creating new revenue streams.